Russian diesel and gasoil exports reached 410,000 tons in the week ending November 5, despite intensified attacks by Ukraine on the country’s refineries. This figure has increased from 358,000 tons the previous week.
Details of Exports from Russian Ports
According to received data, of the total 410,000 tons exported, 193,000 tons were loaded from the Primorsk port, 67,000 tons from the Nakodka region, 37,000 tons from the Ust-Luga port, 63,000 tons from the Zhelzini Rog port, and 30,000 tons from the Vysotsk port. Among the destination countries, the United States leads with 141,000 tons, an increase from 36,000 tons the previous week. Following the United States, Singapore ranks second with 87,000 tons.
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Impact of Ukraine Attacks and Forecasts
After a two-week hiatus from October 16 to 29, Ukraine has resumed its attacks on Russian refineries, with six refineries targeted in the first eight days of this return. Alexander Novak, Russia's Deputy Prime Minister, announced that the country's diesel export target for November is about 2.15 million tons, but warns that new attacks on refineries could lead to a reduction in supply volume.
So far, the total loadings of Russian diesel and gasoil in November have reached 349,000 tons, indicating a monthly increase compared to October, when total loadings reached 985,000 tons. In November 2022, Russian diesel and gasoil loadings reached about 2.7 million tons.
Vessels carrying gasoil to the United States have identified five MR ships heading toward the East Coast of the United States since November 9, but they have not yet reached U.S. shores. One of these ships, flagged in Malta and named Agiovi Fernandes, was scheduled to arrive on November 7 but has slowed its speed and remains in the western Atlantic Ocean.
The U.S. Treasury Department granted Russia a sanctions exemption on October 9, allowing the sale, delivery, and import of diesel fuel originating from Russia, including to the United States. This action has allowed Russia to partially lift the complete ban on diesel exports imposed in July.
While Ukraine is under significant pressure from the U.S. government to halt attacks on refineries before the midterm elections, Volodymyr Zelensky, the President of Ukraine, has emphasized that the country will continue its attacks until Russia ends its assaults on Ukraine's energy infrastructure or the U.S. provides Ukraine with new air defense systems.
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